The combination Internet Computer/Tether (ICP/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 2.145 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.399 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.231 |
| 2nd High | 2.624 |
| Next High | 2.399 |
| Current Price | 2.144000000 |
| Next Low | 2.145 |
| 2nd Low | 2.13 |
| 3rd Low | 2.049 |
2.399 – 2.272 – 2.3 – 2.145 – 2.145 – 2.13 —
2.214000000 – 2.169000000 —
42.612575044422 – 37.794206910547 —
– —
2.399 – 1783612800
Trading Signals: CRYPTO – ICP – ICP/USDT – USDT – Three Black Crows – – –